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President Muhammadu Buhari has approved that negotiation should be carried out for 15 billion dollars loan for the completion of work on the Port Harcourt \u2013 Maiduguri rail project.<\/p>\nPresident Muhammadu Buhari has approved that negotiation should be carried out for 15 billion dollars loan for the completion of work on the Port Harcourt \u2013 Maiduguri rail project.<\/p>\n
The Minister of Transportation, Mr Rotimi Ameachi, made this known when he briefed State House correspondents after a closed door meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, on Tuesday.<\/p>\n
According to him, the president has also given the approval for negotiations of funds for the execution of Lagos \u2013 Calabar rail project to ensure its speedy completion.<\/p>\n
\u201cDon\u2019t forget that the Lagos-Calabar project is yet to start because of funds; the Port Harcourt \u2013 Maiduguri is yet to start because of funds, but the President has approved that we negotiate for funds.<\/p>\n
\u201cWe are almost concluding negotiations for the Port Harcourt \u2013 Maiduguri. We are looking at the cost \u2013 is in the neighbourhood of between 14 billion and 15 billion dollars.\u2019\u2019<\/p>\n
According to the minister, a lot of progress is being made in the area of revamping rail transportation network across the country.<\/p>\n
He disclosed that laying of tracks on the Lagos-Ibadan route would commence next month, and expressed the hope that the project would provide a lot of job opportunities to Nigerians.<\/p>\n
\u201cIf the rain doesn\u2019t start early we will start laying tracks on the Lagos-Ibadan route in April and hopefully we believe we can complete it in December or January and open it up for passengers and business and we expect about 6, 000,000 tons of cargo out of the 30,000,000 tons of cargo that we have between Lagos and Kano. \u201cIn terms of job creation, you can be rest assured that it will be in thousands,\u201d he said.<\/p>\n
On Itakpe \u2013 Warri rail project, Ameachi said the project was being reconstructed and expressed the hope that it would be inaugurated by August.<\/p>\n
He said: \u201cThe tracks were already there but they were vandalised so we are rebuilding those tracks and then building new stations.<\/p>\n
\u201cWe are also reconstructing a yard that was abandoned. \u201cAll things being equal, the place should be ready soon, we gave them May as completion period but let\u2019s say by August we should be commissioning.\u2019\u2019<\/p>\n
The Minister reassured that adequate security had been taken to guarantee safety of passengers aboard rail transportation in the country.<\/p>\n
\u201cThere are policemen in all the coaches that ply our routes. So if the passengers are attacked by armed robbers, they will report while they take action,\u201d he said.<\/p>\n
(NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"
President Muhammadu Buhari has approved that negotiation should be carried out for 15 billion dollars loan for the completion of work on the Port Harcourt \u2013 Maiduguri rail project. The Minister of Transportation, Mr Rotimi Ameachi, made this known when he briefed State House correspondents after a closed door meeting with President Muhammadu Buhari at […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","tags":[],"news-category":[318],"class_list":["post-9185","news","type-news","status-publish","hentry","news-category-national","entry"],"yoast_head":"\n